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Segment reporting (Tables) | 12 Months Ended
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Dec. 31, 2018
Table Text Block |
Schedule Of Segment Reporting Information By Segment Text Block |
December 31, 2018
|  |  |  | Banco Popular |  |  |  | Intersegment
(In thousands) |  |  |  | de Puerto Rico |  | Popular U.S. |  | Eliminations
Net interest income |  |  | $ | 1,482,178 | $ | 304,576 | $ | (2)
Provision for loan losses |  |  |  | 198,442 |  | 29,881 |  | -
Non-interest income |  |  |  | 592,938 |  | 19,988 |  | (560)
Amortization of intangibles |  |  |  | 8,620 |  | 665 |  | -
Depreciation expense |  |  |  | 43,504 |  | 9,053 |  | -
Other operating expenses |  |  |  | 1,073,012 |  | 182,154 |  | (546)
Income tax expense |  |  |  | 121,195 |  | 25,294 |  | -
Net income |  |  | $ | 630,343 | $ | 77,517 | $ | (16)
Segment assets |  |  | $ | 38,037,696 | $ | 9,381,636 | $ | (114,923)
December 31, 2018
|  | Reportable |  |  |  |  |  |
(In thousands) |  | Segments |  | Corporate |  | Eliminations |  | Total Popular, Inc.
Net interest income (expense) | $ | 1,786,752 | $ | (51,875) | $ | - | $ | 1,734,877
Provision (reversal) for loan losses |  | 228,323 |  | (251) |  | - |  | 228,072
Non-interest income |  | 612,366 |  | 42,914 |  | (2,786) |  | 652,494
Amortization of intangibles |  | 9,285 |  | 41 |  | - |  | 9,326
Depreciation expense |  | 52,557 |  | 743 |  | - |  | 53,300
Loss on early extinguishment of debt |  | - |  | 12,522 |  | - |  | 12,522
Other operating expenses |  | 1,254,620 |  | 94,640 |  | (2,846) |  | 1,346,414
Income tax expense (benefit) |  | 146,489 |  | (26,947) |  | 37 |  | 119,579
Net income (loss) | $ | 707,844 | $ | (89,709) | $ | 23 | $ | 618,158
Segment assets | $ | 47,304,409 | $ | 5,099,491 | $ | (4,799,323) | $ | 47,604,577
December 31, 2017
|  |  |  | Banco Popular |  |  |  | Intersegment
(In thousands) |  |  |  | de Puerto Rico |  | Popular U.S. |  | Eliminations
Net interest income |  |  | $ | 1,279,844 | $ | 280,946 | $ | (217)
Provision for loan losses |  |  |  | 253,032 |  | 77,944 |  | -
Non-interest income |  |  |  | 364,164 |  | 20,430 |  | (572)
Amortization of intangibles |  |  |  | 8,713 |  | 665 |  | -
Depreciation expense |  |  |  | 39,162 |  | 8,553 |  | -
Other operating expenses |  |  |  | 957,924 |  | 170,042 |  | (551)
Income tax expense |  |  |  | 72,741 |  | 191,749 |  | (93)
Net income (loss) |  |  | $ | 312,436 | $ | (147,577) | $ | (145)
Segment assets |  |  | $ | 34,843,668 | $ | 9,168,256 | $ | (16,992)
December 31, 2017
|  | Reportable |  |  |  |  |  |
(In thousands) |  | Segments |  | Corporate |  | Eliminations |  | Total Popular, Inc.
Net interest income (expense) | $ | 1,560,573 | $ | (58,609) | $ | - | $ | 1,501,964
Provision for loan losses |  | 330,976 |  | 403 |  | (5,955) |  | 325,424
Non-interest income |  | 384,022 |  | 37,949 |  | (2,804) |  | 419,167
Amortization of intangibles |  | 9,378 |  | - |  | - |  | 9,378
Depreciation expense |  | 47,715 |  | 649 |  | - |  | 48,364
Other operating expenses |  | 1,127,415 |  | 74,731 |  | (2,692) |  | 1,199,454
Income tax expense (benefit) |  | 264,397 |  | (35,835) |  | 2,268 |  | 230,830
Net income (loss) | $ | 164,714 | $ | (60,608) | $ | 3,575 | $ | 107,681
Segment assets | $ | 43,994,932 | $ | 5,046,153 | $ | (4,763,748) | $ | 44,277,337
December 31, 2016
|  |  |  | Banco Popular |  |  |  | Intersegment
(In thousands) |  |  |  | de Puerto Rico |  | Popular U.S. |  | Eliminations
Net interest income |  |  | $ | 1,224,771 | $ | 258,416 | $ | (474)
Provision for loan losses |  |  |  | 154,785 |  | 15,266 |  | -
Non-interest income |  |  |  | 243,368 |  | 21,651 |  | (119)
Amortization of intangibles |  |  |  | 11,479 |  | 665 |  | -
Goodwill impairment charge |  |  |  | 3,801 |  | - |  | -
Depreciation expense |  |  |  | 39,505 |  | 6,715 |  | -
Other operating expenses |  |  |  | 952,894 |  | 174,585 |  | (779)
Income tax expense |  |  |  | 75,615 |  | 36,712 |  | 92
Net income |  |  | $ | 230,060 | $ | 46,124 | $ | 94
Segment assets |  |  | $ | 29,841,854 | $ | 8,629,439 | $ | (31,397)
December 31, 2016
|  | Reportable |  |  |  |  |  |
(In thousands) |  | Segments |  | Corporate |  | Eliminations |  | Total Popular, Inc.
Net interest income (expense) | $ | 1,482,713 | $ | (60,658) | $ | - | $ | 1,422,055
Provision (reversal) for loan losses |  | 170,051 |  | (35) |  | - |  | 170,016
Non-interest income |  | 264,900 |  | 35,705 |  | (2,669) |  | 297,936
Amortization of intangibles |  | 12,144 |  | - |  | - |  | 12,144
Goodwill impairment charge |  | 3,801 |  | - |  | - |  | 3,801
Depreciation expense |  | 46,220 |  | 654 |  | - |  | 46,874
Other operating expenses |  | 1,126,700 |  | 68,694 |  | (2,578) |  | 1,192,816
Income tax expense (benefit) |  | 112,419 |  | (33,617) |  | (18) |  | 78,784
Net income (loss) | $ | 276,278 | $ | (60,649) | $ | (73) | $ | 215,556
Segment assets | $ | 38,439,896 | $ | 4,982,113 | $ | (4,760,400) | $ | 38,661,609
December 31, 2018
Banco Popular de Puerto Rico
|  |  |  | Consumer |  | Other |  | Eliminations |  | Total Banco
|  | Commercial |  | and Retail |  | Financial |  | and Other |  | Popular de
(In thousands) |  | Banking |  | Banking |  | Services |  | Adjustments [1] |  | Puerto Rico
Net interest income | $ | 584,293 | $ | 892,735 | $ | 5,201 | $ | (51) | $ | 1,482,178
Provision for loan losses |  | 105,604 |  | 92,838 |  | - |  | - |  | 198,442
Non-interest income |  | 84,762 |  | 311,775 |  | 95,199 |  | 101,202 |  | 592,938
Amortization of intangibles |  | 208 |  | 4,275 |  | 4,137 |  | - |  | 8,620
Depreciation expense |  | 17,668 |  | 25,222 |  | 614 |  | - |  | 43,504
Other operating expenses |  | 276,158 |  | 718,990 |  | 71,344 |  | 6,520 |  | 1,073,012
Income tax expense |  | 76,255 |  | 100,925 |  | 7,903 |  | (63,888) |  | 121,195
Net income | $ | 193,162 | $ | 262,260 | $ | 16,402 | $ | 158,519 | $ | 630,343
Segment assets | $ | 27,712,852 | $ | 22,712,950 | $ | 376,992 | $ | (12,765,098) | $ | 38,037,696
[1] Includes the impact of the Termination Agreement with the FDIC and the Tax Closing Agreement entered into in connection with the FDIC transaction. These transactions resulted in a gain of $102.8 million reported in the non-interest income line, other operating expenses of $8.1 million and a net tax benefit of $63.9 million. Refer to Notes 10 and 37 to the Consolidated Financial Statements for additional information.
December 31, 2017
Banco Popular de Puerto Rico
|  |  |  | Consumer |  | Other |  |  |  | Total Banco
|  | Commercial |  | and Retail |  | Financial |  |  |  | Popular de
(In thousands) |  | Banking |  | Banking |  | Services |  | Eliminations |  | Puerto Rico
Net interest income | $ | 518,404 | $ | 753,922 | $ | 7,499 | $ | 19 | $ | 1,279,844
Provision for loan losses |  | 8,911 |  | 244,121 |  | - |  | - |  | 253,032
Non-interest income |  | 79,630 |  | 194,741 |  | 90,222 |  | (429) |  | 364,164
Amortization of intangibles |  | 211 |  | 4,274 |  | 4,228 |  | - |  | 8,713
Depreciation expense |  | 17,338 |  | 21,120 |  | 704 |  | - |  | 39,162
Other operating expenses |  | 239,369 |  | 656,998 |  | 62,030 |  | (473) |  | 957,924
Income tax expense (benefit) |  | 93,378 |  | (31,404) |  | 10,767 |  | - |  | 72,741
Net income | $ | 238,827 | $ | 53,554 | $ | 19,992 | $ | 63 | $ | 312,436
Segment assets | $ | 21,735,909 | $ | 20,180,173 | $ | 520,717 | $ | (7,593,131) | $ | 34,843,668
December 31, 2016
Banco Popular de Puerto Rico
|  |  |  | Consumer |  | Other |  |  |  | Total Banco
|  | Commercial |  | and Retail |  | Financial |  |  |  | Popular de
(In thousands) |  | Banking |  | Banking |  | Services |  | Eliminations |  | Puerto Rico
Net interest income | $ | 472,948 | $ | 742,854 | $ | 6,172 | $ | 2,797 | $ | 1,224,771
Provision for loan losses |  | 12,884 |  | 141,901 |  | - |  | - |  | 154,785
Non-interest income |  | (91,411) |  | 232,113 |  | 103,005 |  | (339) |  | 243,368
Amortization of intangibles |  | 145 |  | 7,042 |  | 4,292 |  | - |  | 11,479
Goodwill impairment charge |  | - |  | - |  | 3,801 |  | - |  | 3,801
Depreciation expense |  | 16,956 |  | 21,684 |  | 865 |  | - |  | 39,505
Other operating expenses |  | 251,375 |  | 631,234 |  | 70,624 |  | (339) |  | 952,894
Income tax expense |  | 41,639 |  | 24,068 |  | 9,908 |  | - |  | 75,615
Net income | $ | 58,538 | $ | 149,038 | $ | 19,687 | $ | 2,797 | $ | 230,060
Segment assets | $ | 15,263,278 | $ | 17,592,743 | $ | 406,429 | $ | (3,420,596) | $ | 29,841,854
Schedule Of Revenues And Selected Balance Sheet Information By Geographic Area Table [TextBlock] |
Geographic Information |  |  |
(In thousands) |  | 2018 |  | 2017 |  | 2016 |
Revenues:[1] |  |  |  |  |  |  |
Puerto Rico | $ | 1,953,671 | $ | 1,527,758 | $ | 1,361,663 |
United States |  | 357,680 |  | 318,093 |  | 283,349 |
Other |  | 76,020 |  | 75,280 |  | 74,979 |
Total consolidated revenues | $ | 2,387,371 | $ | 1,921,131 | $ | 1,719,991 |
[1] Total revenues include net interest income, service charges on deposit accounts, other service fees, mortgage banking activities, net gain on sale of debt securities, net loss on trading account debt securities, other-than-temporary impairment losses on debt securities, net (loss) gain, including impairment on equity securities, net gain (loss) on sale of loans, including valuation adjustments on loans held-for-sale, adjustments (expense) to indemnity reserves on loans sold, FDIC loss share income (expense) and other operating income.
Selected Balance Sheet Information
(In thousands) |  | 2018 |  | 2017 |  | 2016
Puerto Rico |  |  |  |  |  |
Total assets | $ | 36,863,930 | $ | 33,705,624 | $ | 28,813,289
Loans |  | 18,837,742 |  | 17,591,078 |  | 16,880,868
Deposits |  | 31,237,529 |  | 27,575,292 |  | 23,185,551
United States |  |  |  |  |  |
Total assets | $ | 9,847,944 | $ | 9,648,865 | $ | 8,928,475
Loans |  | 7,034,075 |  | 6,608,056 |  | 5,799,562
Deposits |  | 6,878,599 |  | 6,635,153 |  | 6,266,473
Other |  |  |  |  |  |
Total assets | $ | 892,703 | $ | 922,848 | $ | 919,845
Loans |  | 687,494 |  | 743,329 |  | 755,017
Deposits [1] |  | 1,593,911 |  | 1,243,063 |  | 1,044,200
[1] Represents deposits from BPPR operations located in the U.S. and British Virgin Islands.

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